Mexico City.- The exports that Mexico made to the US rose 8.7 percent annually in the first quarter of the year, to a historical amount of 115 thousand 494 million dollars, according to data from the Department of Commerce.
For their part, imports expanded 6.9 percent annually during the same period, to a record value of 81 thousand 168 million dollars.
In this way, the Country recorded a trade surplus (difference between exports and imports) with the US for 34 thousand 325 million dollars in the first three months of 2023, a record amount for a similar period.
In cumulative terms, Mexico-US bilateral trade was 196 thousand 662 million dollars in the first quarter of the year, placing the country as the largest partner of the US economy in that period.
Canada’s bilateral trade relationship with the US totaled 190 thousand 391 million dollars and that of China with the US of 138 thousand 555 million.
Only in March, Mexico exported to the US a total amount of 42 thousand 825 million dollars, an unprecedented value. However, shipments to the US market slowed down in their annual rate comparison, going from 9.7 percent in February to 5.9 percent in the following month, which meant their smallest advance in 17 months.
Meanwhile, imports that Mexico made from the US grew 2.6 percent annually, to a total of 29 thousand 273 million dollars in March.
In this way, bilateral trade between these two countries (when accounting for both imports and exports) was estimated at 72 thousand 98 million dollars during March, a new all-time high, which represented an increase at an annual rate of 4.5 percent, the lowest in 25 months.
With this, Mexico remained the first trading partner of the US in March, accompanied by Canada and China in second and third place, respectively.
